Kinetik Holdings Inc. (KNTK)
| Market Cap | 2.33B |
| Revenue (ttm) | 1.26B |
| Net Income (ttm) | 386.45M |
| Shares Out | 59.71M |
| EPS (ttm) | 2.52 |
| PE Ratio | 15.45 |
| Forward PE | 19.84 |
| Dividend | $3.00 (7.70%) |
| Ex-Dividend Date | Apr 26, 2024 |
| Volume | 580,324 |
| Open | 38.61 |
| Previous Close | 38.63 |
| Day's Range | 38.61 - 39.33 |
| 52-Week Range | 26.32 - 40.42 |
| Beta | 0.78 |
| Analysts | Buy |
| Price Target | 39.67 (+1.88%) |
| Earnings Date | May 8, 2024 |
About KNTK
Kinetik Holdings Inc. operates as a midstream company in the Texas Delaware Basin. The company operates through two segments, Midstream Logistics and Pipeline Transportation. It provides gathering, transportation, compression, processing, stabilization, treating, storage, and transportation services for companies that produce natural gas, natural gas liquids, and crude oil; and water gathering and disposal services. The company was founded in 2017 and is based in Houston, Texas. [Read more]
Financial Performance
In 2023, KNTK's revenue was $1.26 billion, an increase of 3.54% compared to the previous year's $1.21 billion. Earnings were $386.45 million, an increase of 185.17%.
Financial StatementsAnalyst Forecast
According to 11 analysts, the average rating for KNTK stock is "Buy." The 12-month stock price forecast is $39.67, which is an increase of 1.88% from the latest price.
News
Kinetik Announces First Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces First Quarter Dividend and Financial Results Timing.
Infinium and Kinetik Reach Innovative CO2 Utilization Agreement to Advance eFuels Production
Long-term agreement represents a new model for delivering decarbonization benefits across heavy transport and chemical industries SACRAMENTO, Calif. , April 16, 2024 /PRNewswire/ -- eFuels leader, Inf...
Arcadium Lithium Announces Date for First Quarter 2024 Earnings Release and Webcast Conference Call
PHILADELPHIA and PERTH, Australia, April 11, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release first quarter 2024 earnings results on...
Kinetik Announces Changes to Its Board of Directors
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Announces Changes to Its Board of Directors.
Kinetik Executes New Accounts Receivable Securitization Facility
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced that one of its subsidiaries has entered into an agreement with PNC Bank, Nat...
Arcadium Lithium Responds to Provincial Court Ruling in Argentina
PHILADELPHIA and PERTH, Australia , March 15, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today released the following statement in response to a recent court ...
Kinetik Announces Pricing of Secondary Offering of Common Stock
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the pricing of an underwritten secondary offering of 11,373,801 shares of its...
Kinetik Announces Secondary Offering of Common Stock
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) announced today the commencement of an underwritten secondary offering of 11,373,801 shares o...
Kinetik Reports Fourth Quarter and Full Year 2023 Financial and Operating Results and Provides 2024 Guidance
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter and year ended December 31, 2023. 2023 Resul...
Top 3 Materials Stocks That Are Preparing To Pump This quarter - Arcadium Lithium (NYSE:ALTM), Lifezone Metals (NYSE:LZM)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
These 3 Energy Stocks With Over 5% Dividend Yields Are Recommended By Wall Street's Most Accurate Analysts - Nordic American Tankers (NYSE:NAT), Kinetik Holdings (NYSE:KNTK)
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high...
Arcadium Lithium Releases Fourth Quarter and Full Year 2023 Results and Provides 2024 Full Year Outlook
PHILADELPHIA and PERTH, Australia , Feb. 22, 2024 /PRNewswire/ -- Merger Between Allkem and Livent Completed on January 4, 2024 Arcadium Lithium 2024 Outlook Highlighted by a 40% Increase in Lithium C...
Consider Arcadium Ahead of Lithium Rebound
Lithium prices plummeted more than 80% in 2023 after a record-breaking 2022 in which prices reached all-time highs. Some of the reasons behind the collapse in lithium prices last year include an incre...
Arcadium Lithium's CEO Paul Graves to Speak at Multiple Upcoming Conferences
PHILADELPHIA and PERTH, Australia , Feb. 19, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced that Paul Graves, Chief Executive Officer, will speak ...
Kinetik Announces Fourth Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the fourth...
Arcadium Lithium Announces Date for Fourth Quarter 2023 Earnings Release and Webcast Conference Call
PHILADELPHIA and PERTH, Australia , Jan. 23, 2024 /PRNewswire/ -- Arcadium Lithium plc (NYSE: ALTM, ASX: LTM, "Arcadium Lithium") today announced it will release fourth quarter 2023 earnings results o...
Kinetik Prices Upsized $300 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes Due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) today announced that its subsidiary, Kinetik Holdings LP (the “Issuer”), has priced its previously announced o...
Kinetik Announces $200 Million Private Placement of Additional 6.625% Sustainability-Linked Senior Notes due 2028
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik”) announced today that its subsidiary, Kinetik Holdings LP (the “Issuer”), intends to offer, subject to market a...
Kinetik Reports Third Quarter 2023 Financial and Operating Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended September 30, 2023. Third Quarter 2023...
Kinetik Announces Third Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the third ...
Kinetik Announces Senior Leadership Promotions
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today announced a series of senior leadership promotions, effective immediately. Trevor Howar...
Kinetik Reports Second Quarter 2023 Financial and Operating Results
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today reported financial results for the quarter ended June 30, 2023. Second Quarter 2023 Res...
Kinetik Publishes 2022 Sustainability Report
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) today published its 2022 Sustainability Report (the “Report”), highlighting its sustainabilit...
Kinetik Announces Second Quarter Dividend and Financial Results Timing
HOUSTON & MIDLAND, Texas--(BUSINESS WIRE)--Kinetik Holdings Inc. (NYSE: KNTK) (“Kinetik” or the “Company”) has declared a cash dividend of $0.75 per share ($3.00 on an annualized basis) for the second...